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The Fed Does Not Need to Hurry on Cutting Interest Rates
Powell testimony live: Fed chair tells Senate bank is in ‘no hurry’ to cut interest rates
The Federal Reserve chair said in testimony to the Senate Committee on Banking, Housing and Urban Affairs on Tuesday: “With our policy stance now significantly less restrictive than it had been and the economy remaining strong, we do not need to be in a hurry to adjust our policy stance.”
Fed’s Powell hints at no interest rate cut in March
The US central bank is in no rush to slash interest rates any time soon, Federal Reserve Chair Jerome Powell told lawmakers Tuesday.
Fed Chair Powell says central bank doesn't 'need to be in a hurry' to lower interest rates further
Federal Reserve Chair Jerome Powell on Tuesday reiterated the central bank’s commitment to bringing inflation down and signaled that policymakers aren’t in a rush to push interest rates lower.
Appropriate to Hold Rates Steady for 'Some Time'
Fed’s Hammack Says Rates on Hold Until Inflation Ebbs Further
Federal Reserve Bank of Cleveland President Beth Hammack said it’s appropriate to keep interest rates steady for “some time” while policymakers await further downward progress on inflation and analyze the economic effects of new government policies.
Cleveland Fed's Hammack: Appropriate to Hold Rates Steady for 'Some Time'
The Fed's preferred inflation metric stubbornly increased again to 2.6% over the 12 months through December. Persistent inflation led the Fed to interrupt a series of three recent rate cuts by holding interest rates constant at a range of 4.
Cleveland Fed chief advocates for steady interest rates amid inflation concerns
Federal Reserve Bank of Cleveland President, Beth Hammack, has advocated for maintaining current interest rates for an undetermined period. This comes as policymakers continue to monitor inflation rates and assess the impact of new governmental policies on the economy.
17h
on MSN
Fed faces thorny decisions as it weighs when to lower interest rates amid Trump's tariffs
The Fed faces complex decisions as it decides how quickly to cut rates or whether to raise them amid Trump's tariffs and ...
1d
on MSN
Will mortgage interest rates fall in February without a Fed meeting? Experts weigh in
If you look at the biggest industry forecasts, analysts predict that mortgage rates will either hold steady or drop slightly ...
16h
on MSN
What would be the impact of a credit card interest rate cap?
New legislation in Congress that would cap credit card interest rates at 10% that has the backing of President Trump could ...
3h
on MSN
Bank of England to cut interest rates only twice more, NIESR predicts
Britain is set for solid growth and falling inflation this year but the Bank of England has little scope to cut interest ...
5d
on MSN
Treasury Secretary Scott Bessent wants to bypass the Fed to lower interest rates
Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got ...
51m
Increased interest income: A blessing and a curse
Rising interest rates have been a double-edged sword. While they’ve been tough on borrowers, savers have seen a significant ...
4d
Solid January Jobs Data Will Likely Keep Fed Interest Rate Cuts On Hold
The January jobs report revealed a drop in the unemployment rate to 4%, accompanied by payroll gains of 143,000. A Fed ...
CBS News
1d
What are today's savings interest rates?
The national average savings account
interest
rate
is 0.41% as of February 10, 2025, according to the latest numbers available from the FDIC. You can earn exponentially more than that by opening a ...
4d
A new bill would cap credit card interest rates at 10%. Here's what that could mean for your money
A bill to limit the interest rate on credit cards has been introduced in Congress. The banking industry says capping rates ...
4d
This Week In Credit Card News: Senators Propose 10% Cap On Interest Rates
Josh Hawley, Bernie Sanders Propose Capping Credit Card Interest Rates At 10% ...
12h
15 savings accounts with interest rates of 4% APY and higher (updated weekly)
Is it possible to find savings accounts with interest rates of 4% or more? See which banks currently offer 4% interest ...
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Fed
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Jerome H. Powell
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